Zero Down Community Accomodation Loan Discontinued BUT... - 10/31/07 01:39 PM
The Zero Down Nevada Community Accomodation Loan (CAP) will be discontinued for submissions after November 25th, 2007. So if you are considering a new home purchase, rate and term refinance, or limited cash out refinance with this program it will need to be submitted by Nov. 25th, 2007. Once submitted I can fund until January of … (0 comments)
|
Strut your Mutt - 10/30/07 04:08 PM
This is always a great event! As an avid dog owner I really enjoy events like these. They are a great place to take the family and your puppies and enjoy the fabulous Las Vegas, NV weather! Strut Your MuttSaturday, November 310 a.m. - 3 p.m., call 455-8264Dog Fancier's Park, 5700 E. … (0 comments)
|
Bank of America is doing WHAT? - 10/30/07 02:39 PM
On October 25th, 2007, Bank of America announces that it is discontinuing its wholesale operation. This is the announcement directly from the Bank of America Mortgage Network site. Mortgage Network Home (Important Announcement) CHARLOTTE; October 25, 2007 - Today Bank of America announced that it will exit the wholesale mortgage business in order … (9 comments)
|
100% Home Loan Financing page launched on 4NevadaHomeLoans.com - 10/24/07 03:12 PM
Due to overwhelming response from all of my Las Vegas 100% Financing and Las Vegas Zero Down Home Loan posts, I have decided to launch a Nevada 100% Financing page on my mortgage website 4 Nevada Home Loans. With so many inquiries about 100% Financing in Las Vegas, I decided to outline features, … (6 comments)
|
Home Loan Modification: Convert your adjusting ARM to a Fixed Rate Mortgage - 10/23/07 12:31 PM
Many people have been inquiring about Las Vegas, Nevada Home Loan Modifications. Basically, a Home Loan or Mortgage Loan Modification is the process of having your current Mortgage Loan's terms modified. For instance, if you have an Las Vegas, NV Adjustable Rate Mortgage or ARM Loan you may be able to modify … (2 comments)
|
100% Financing & Zero Down Home Loans Available Now - 10/22/07 07:20 PM
Due to the enourmous amount of inquiries about Las Vegas 100% Financing and Las Vegas Zero Down Home Loans, I have searched out yet another Loan Program that can help. If you are interested in purchasing a Las Vegas property with no money down or are in need of 100% Financing for … (0 comments)
|
Stated Income Loans In Nevada - 10/22/07 12:04 PM
Many people have inquired about the ability to do Stated Income Loans in Nevada due to the recent Assembly Bill 440 that was passed and went into effect on October 1, 2007.
The answer is Yes I can still Stated Income Loans in Henderson, Las Vegas, and all of Nevada!
Just to clarify, Five … (5 comments)
|
What should I blog about as I hit 50,000 Points? - 10/19/07 12:00 PM
I have not blogged about any Active Rain benchmarks to date. As I approached 50,000 points, I wanted a great post to remember it. So I thought and thought but I could not think of anything! Then this morning I received a terrific email from a client that I just closed … (17 comments)
|
New York's Traditional Financial District Coming Back - 10/16/07 12:58 PM
There are signs that New York City is coming back as "THE" financial district. This is good to see that companies like NCR and others are flocking back to the great financial area.
NCR Corp. to Lease Floor at 7 World Trade Center (Update1) By Martin Z. Braun and David M. Levitt … (0 comments)
|
Nevada Mortgage Agents Numbers Revisited - 10/16/07 12:28 PM
Here is an update on Licensed Nevada Mortgage Agents. It seems as though the number of agents may have stabilized. The losses have not been quite as dramatic over the last two months. Keep in mind that in 2005 there were almost 20,000 Licensed Nevada Mortgage Agents. This could be an … (2 comments)
|
Will Accredited Home Lenders Start Writing Loans Again? Yes!: Mortgage Industry - 10/15/07 02:17 PM
Well, my question from my post on Friday, Accredited Home Lenders V. Lone Star Fund FINALE: Mortgage Industryabout whether or not Accredited will start writing Mortgage Loans again has been answered. Below I have included a copy of an email I received today from Accredited. I thought it was interesting how they … (3 comments)
|
Fair Isaac Corp. FICO adds new Credit Product: Credit Report - 10/15/07 12:33 PM
Fair Isaac Corp. (FICO), has released a new product aimed at helping creditors convert more collections into recoveries. You may know Fair Isaac Corp. better as FICO. Yes, this is the company that releases the coveted FICO scores that are all so important to the Mortgage and Real Estate Industry. See PR from … (6 comments)
|
Accredited Home Lenders V. Lone Star Fund FINALE: Mortgage Industry - 10/12/07 02:05 PM
Accredited Home Lenders V. Lone Star Fund FINALE: Mortgage Industry
Here it is the finale of the Accredited Home Lenders V Lone Star Funds litigation. You may remember my two previous posts regarding this litigation. Accredited Home Lenders had announced earlier in the year an acquisition by Lone Star Funds that would … (4 comments)
|
Thank You Active Rain: Another Success Story! - 10/11/07 06:18 PM
I just wanted to share with everyone another Active Rain success story. About six weeks ago Active Rain delivered a wonderful client to me while I was fast asleep. She had found one of my blog posts, which I believe was Another 100% Financing Program Available: The Community Accomodation Loan. After reading … (13 comments)
|
Fast Mortgage Refinance Quote's & Home Purchase Pre-Approval's - 10/11/07 02:56 PM
Homeowners and Potential Homeowners:
Contact me right away for a Mortgage Refinance Quote's & Home Purchase Pre-Approval's from your Las Vegas, NV Mortgage Loan Officer, Rey "Steak Dinner" Gallegos. Approved in NV, NM, UT, CA, FL, & AK! Currently the mortgage industry is in transition so you need an experienced, trusted Loan Officer … (0 comments)
|
September Foreclosures FALL: Mortgage Industry - 10/11/07 01:58 PM
September Foreclosures FALL: Mortgage Industry More foreclosure news to publicize but this time it is positive! According to RealtyTrac in September 2007, all foreclosure categories were down, which include default notices, auction sale notices and bank repossessions, with 39 states reporting decreased activity. What exactly does this mean? Well in my opinion … (5 comments)
|
Mortgage Industry Coalition, HOPE NOW enacted - 10/10/07 03:23 PM
Mortgage Industry Coalition, HOPE NOW enacted
The White House announced the formation of a Mortgage Industry Coalition dubbed HOPE NOW. The coalition is formed from several of the largest mortgage service companies, as well as counseling agencies, investors, and trade organizations. Their hope is that with a conglomeration of this sort they … (1 comments)
|
Home Lending Direction "Flight to Quality": Mortgage Industry - 10/09/07 05:21 PM
Home Lending Direction "Flight to Quality": Mortgage Industry
I have to say that I have never heard anyone say that an Industry has taken a "Flight to Quality". In the following story, from bloomberg.com Bank of America is said to gaining strong market share in the mortgage industry. It is no secret … (0 comments)
|
Ventana Canyon Communitywide Garage Sale a huge success! - 10/08/07 02:51 PM
Ventana Canyon Communitywide Garage Sale a huge success!
I just wanted let everyone know that our Ventana Canyon Communitywide Garage Sale was a huge success this past weekend! We started around 7 am and the sreets were packed with garage sale enthusiasts! We had upwards around 150 homes participate with sales, which … (5 comments)
|
More Alternatives to Foreclosure - 10/05/07 02:43 PM
More Alternatives to Foreclosure: Mortgage Industry
I am passionately searching for options for people that are in danger of losing their homes. I beleive it is important for Mortgage and Real Estate Professionals to reach out in any way we can to help these people. Here are a couple more programs that I … (0 comments)
|
Ventana Canyon Community Garage Sale 10/06/07 (7am to 1pm): Henderson, NV - 10/04/07 11:43 AM
Ventana Canyon Community Garage Sale 10/06/07 (7am to 1pm): Henderson, NV
DON'T FORGET! THIS COMING WEEKEND WILL BE OUR COMMUNITY GARAGE SALE!
Ventana Canyon Community Garage Sale: Henderson, NV
Your mortgage partner for life,
Rey "Steak Dinner" GallegosSenior Loan OfficerFive Star Mortgage Website: http://www.steak-dinner.com/Your complete community mortgage broker Approved in NV, CA, UT, … (0 comments)
|
Mortgage Brokers to Blame? Yeah Right!: Mortgage Industry - 10/04/07 11:38 AM
Mortgage Brokers to Blame? Yeah Right!: Mortgage Industry
OK folks, the following story from the Los Angeles Times cracks me up and makes me sick to my stomach at the same time!
U.S. Taking Aim at Brokers by Los Angeles Times (10/04/07); Peterson, JonathanSeveral pieces of legislation that addresses the problems in the mortgage … (1 comments)
|
Manhattan Housing Boom: Real Estate Industry - 10/04/07 10:33 AM
Manhattan Housing Boom: Real Estate Industry
This is a great story from CNNMoney.com that shows the Real Estate Industry is not quite as dire as the media would like for us to believe. Aside from some troubled pockets in the US there are MANY, MANY strong markets. Manhattan is one of the … (0 comments)
|
Why are Builders & Their "In House" Lenders Free From Regulation: Mortgage Industry - 10/03/07 01:55 PM
Why are Builders & Their "In House" Lenders Free From Regulation
This is something that really gets my blood boiling. New home builders and their "In House" lenders don't seem to have to follow the same rules as the rest of us!
To start with how can they require a buyer to use … (9 comments)
|
Stated Income Documentation: Nevada Mortgage Industry - 10/02/07 11:02 AM
Stated Income Documentation: Nevada Mortgage Industry
For those of you that do not know, the State of Nevada has severely crippled Banks, Lenders, and Brokers ability to do Stated Income and Low or No Doc Loans with Assembly Bill 440. This bill has actually prompted banks like Credit Suisse to threaten to … (0 comments)
|
FHA Bans Gift Down Payments with One Exception: Mortgage Industry - 10/02/07 01:11 AM
FHA bans Gift Down Payments: Mortgage Industry
According to the following story, FHA has decided to no longer allow Down Payment Assistance (DAP) programs. This basically requires borrowers to have the 3% down payment required for FHA loans. Before, you could use one of several DAP programs to subsidize the 3%, which … (37 comments)
|
More Help to Avoid Foreclosure: Mortgage Industry - 10/01/07 02:27 PM
More Help to Avoid Foreclosure: Mortgage Industry
Below you will find two more resources to help you or people you know that are at risk of losing their homes due to ARM Adjustments or for any other reason. It is important that we get this information out to everyone we can so … (2 comments)
|
;)
Links;)
Tags (Tag Cloud);)
Archives
